FreeholdCCRDistrict 9 (Novena)

The Atelier

Reviewed by Nathan TangUpdated 24 September 2026Data through May 2026 (URA)
Quick Summary

The Atelier is a freehold apartment in District 9 (Novena) that obtained TOP in 2024, with 120 units across 1 block. Across 124 transactions on record, units have recently transacted around S$2.20M (S$2,715 psf, ~872 sqft). There are 32 units for sale from S$1.43M to S$4.35M.

Key facts about The Atelier
TenureFreehold
TOP year2024
DeveloperBUKIT SEMBAWANG LAND PTE LTD
Units120 in 1 block
District and areaDistrict 9 · Novena · CCR
Nearest MRTNewton MRT, 445 m (~7 min walk)
Latest median psfS$2,715 psf, last 12 URA caveats to May 2026
1

What's for sale and for rent at The Atelier?

Key Takeaway

The Atelier has 32 units listed for sale, asking S$1.43M to S$4.35M, and 6 units for rent at a median of S$6,100 a month.

For sale

32 listings

S$1.43M – S$4.35M

For rent

6 listings

S$4,000 – S$11,300 a month

BedroomsFor saleAsking priceMedian PSF
1-bedroom18S$1.43M–S$1.69M
2-bedroom11S$2.30M–S$2.68M
3-bedroom2S$3.80M–S$4.35M
4-bedroom1S$3.60M–S$3.60M

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at The Atelier?

Key Takeaway

Floor plans for The Atelier aren't in PropKaki's library yet. Across 124 URA caveats, units range from 549 sqft to 1,496 sqft, and the middle half are 872 sqft to 1,184 sqft.

Unit typeSizes listed for saleAsking from
1-bedroom549 sqftS$1.43M
2-bedroom872 sqft to 915 sqftS$2.30M
3-bedroom1,281 sqftS$3.80M
4-bedroom1,173 sqftS$3.60M

Check the Floor Plan Finder for The Atelier →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at The Atelier?

Key Takeaway

Units have recently transacted around S$2.20M (S$2,715 psf), at a gross rental yield of about 2.8% (URA caveat data).

Recent median price

S$2.20M

recent · 124 sales on record

Median PSF

S$2,715 psf

recent transactions

Median rent (monthly)

S$5,217

86 rentals on record

Gross rental yield

2.8%

indicative, gross

Source: URA caveat data, through May 2026.

4

What has recently sold at The Atelier?

Key Takeaway

The Atelier has 124 recorded sales; the most recent transacted at S$3,825,000 in May 2026 (URA caveat data).

DatePriceSize (sqft)PSF
May 2026S$3,825,0001,281S$2,986 psf
Mar 2026S$2,450,000915S$2,678 psf
Feb 2026S$2,200,000872S$2,523 psf
Dec 2025S$3,480,0001,173S$2,966 psf
Aug 2023S$1,498,000549S$2,729 psf
Jul 2023S$1,528,000549S$2,783 psf
Jul 2023S$1,538,000549S$2,802 psf
Jul 2023S$1,508,000549S$2,747 psf
Jul 2023S$1,490,580549S$2,715 psf
Jul 2023S$3,341,5201,281S$2,609 psf
Jun 2023S$3,980,0001,496S$2,660 psf
Jun 2023S$3,177,7751,281S$2,481 psf

124 sales and 86 rentals on record since Mar 2021. Source: URA.

5

Are prices at The Atelier rising?

Key Takeaway

The median transacted PSF at The Atelier has fallen 2% over the past 5 years (20212026), from S$2,743 psf to S$2,678 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2026S$2,678 psfS$2.45M3+0.0%
2023S$2,678 psfS$2.37M100+3.0%
2022S$2,600 psfS$2.97M13-5.2%
2021S$2,743 psfS$3.22M7

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is The Atelier a good investment?

Key Takeaway

The Atelier has no resales on record yet, so it has no track record of its own. Across District 9, 80% of 13,754 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 19% over a median 5.9-year hold (URA caveats, before costs). Its gross rental yield is about 2.8%. Past resale results don't predict future returns, and this is not financial advice.

District 9 sold for more

80%

of 13,754 private resales

Median gain

19%

gross, before costs

Median hold

5.9 years

bought to resold

The Atelier has fewer than 10 matched resales, so the figures are for District 9 as a whole. Check the odds for your unit size and holding period →

7

Where is The Atelier and what's nearby?

Key Takeaway

The Atelier is located in Novena, in the Central Region of Singapore.

The Atelier is a freehold apartment completed in 2024. It was developed by BUKIT SEMBAWANG LAND PTE LTD. The development has 120 residential units. It sits on a land area of 3,863 sqm and has a gross floor area of 10,817 sqm. The plot ratio is 2.8.

THE ATELIER is located at 2 Makeway Avenue, Singapore 228599. It is part of District 09, Orchard / Cairnhill / River Valley, Novena. The project falls within the Central Region and the CCR market segment.

The nearest rail connection is Newton MRT, approximately 445m away, around 7 minutes on foot. Nearby amenities include United Square for shopping, COLD STORAGE SINGAPORE (1983) PTE LTD for groceries, Newton Food Centre for food options, and Hooper Rd Pg for greenery and recreation. Facilities in the development include Car Park, Clubhouse, Community Garden, Fitness corner, Lap pool, and 24 hours security.

8

How far is The Atelier from MRT and schools?

Key Takeaway

The nearest MRT/LRT to The Atelier is Newton MRT, about 445 m away (~7 min walk). 4 schools are within 1 km, including 3 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Anglo-Chinese School (Junior)Primary schoolwithin 1 km · P1 priority397 m
  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority703 m
  • Anglo-Chinese School (Primary)Primary schoolwithin 1 km · P1 priority901 m
  • Anglo-Chinese School (Barker Road)Secondary schoolwithin 1 km988 m
  • Farrer Park Primary SchoolPrimary school1.0 km
  • St. Margaret's School (Primary)Primary school1.1 km
  • Catholic Junior CollegeJunior college1.5 km
  • School Of The Arts, SingaporeMixed-level school1.7 km

Shops, food & parks

Mall: United Square · 532 mSupermarket: Cold Storage Singapore (1983) Pte Ltd · 532 mHawker centre: Newton Food Centre · 245 mPark: Hooper Rd Pg · 190 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built The Atelier and how big is the development?

Key Takeaway

The Atelier was developed by BUKIT SEMBAWANG LAND PTE LTD, with 120 units over up to 22 storeys.

Developer
BUKIT SEMBAWANG LAND PTE LTD
Floors
22 storeys
Blocks
1
Land area
3,863 sqm (41,581 sqft)
Gross floor area
10,817 sqm (116,433 sqft)
Plot ratio
2.80
10

What facilities does The Atelier have?

Key Takeaway

The Atelier has 8 facilities, including Car Park, Clubhouse, Community Garden, Fitness corner, and more.

Car ParkClubhouseCommunity GardenFitness cornerLap pool24 hours securitySteam bathSwimming pool
11

What does it cost to own a unit at The Atelier?

Key Takeaway

Buying a unit at The Atelier (~S$2.20M) needs about S$16,105/mo in income and S$7,409/mo in repayments, after S$79,600 stamp duty and a S$550k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.20M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$79,600

BSD, tiered

Downpayment (25%)

S$550k

cash + CPF

Monthly instalment

S$7,409/mo

30y @ 3.5%

Income required

S$16,105/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

12

How many property agents are active around The Atelier?

Key Takeaway

8,303 CEA-registered agents closed at least one recorded deal in District 9 — where The Atelier sits — in the last 12 months, across all property types.

Active agents · 12mo

8,303

District 9 · closed ≥1 deal

Deals on record

67,358

all-time · all property types

Source: CEA public transaction records, attributed to District 9 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about The Atelier? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from The Atelier's own transactions.

PropKaki
Is The Atelier a good buy, and what are units selling for?

Recent units at The Atelier sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
13

Frequently asked questions about The Atelier

Is The Atelier freehold?

Yes. The Atelier is freehold, so ownership does not run out.

How old is The Atelier?

The Atelier was completed (obtained TOP) in 2024, so it is about 2 years old.

Is The Atelier a good investment?

The Atelier has no resales on record yet, so it has no track record of its own. Across District 9, 80% of 13,754 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 19% over a median 5.9-year hold (URA caveats, before costs). Its gross rental yield is about 2.8%. Past resale results don't predict future returns, and this is not financial advice.

Is The Atelier an EC?

No. The Atelier is a private apartment development, not an executive condominium (EC).

Who is the developer of The Atelier?

The Atelier was developed by BUKIT SEMBAWANG LAND PTE LTD.

What is the price of a condo at The Atelier?

Units at The Atelier have recently sold for around S$2.20M (S$2,715 psf), the median of the last 12 URA caveats to May 2026. The price depends on size, floor and facing. 32 units are listed for sale from S$1.43M to S$4.35M.

Where is The Atelier located?

The Atelier is at 2 Makeway Avenue, Singapore 228599, in Novena (District 9). The nearest MRT station is Newton MRT, about 445 m away.

How many units are there in The Atelier?

The Atelier has 120 units in 1 block, up to 22 storeys high.

How much do I need to earn to buy at The Atelier?

For a unit around S$2.20M as a first home, you'd need roughly S$16,105/mo in income (assessed at the stress-test rate), with repayments near S$7,409/mo after a S$550k (25%) downpayment and S$79,600 Buyer's Stamp Duty.

Are prices at The Atelier going up?

The median price per square foot at The Atelier has fallen about 2% between 2021 and 2026, based on URA caveats. The year-by-year figures are in the price-trend table above.

Which primary schools are within 1 km of The Atelier?

Anglo-Chinese School (Junior), St. Joseph's Institution Junior, Anglo-Chinese School (Primary) are within 1 km of The Atelier. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.